SPDR S&P 500 (SPY) Going Lower | Clear Signals

Let's take another look at the SPY ... I might not get the exact bounce length, but I always get the drop ... And this one is dropping.

We see a new all-time high that is shy from a double top ... As soon as this high was hit, you can see a break of EMA10, our main support.

With this little information, I can tell you that the SPY is done.

There is bearish divergence on the MACD and RSI , while the bearish volume has gone up...

This is just a friendly reminder...

The S&P 500 ... Is about to drop .

Namaste.

Oct 02

Comment: Perfect hit...